Allianz: Oddo still a buyer, adjusts target price
(CercleFinance.com) - Oddo BHF reiterates its "outperform" rating on the Allianz share, having increased its corresponding target price from 225 euros to 227 euros, following an annual publication that it says showed very solid underlying performance.
In addition to a better-than-expected operating profit in the last quarter, the broker points to a favourable outlook for 2021, an increase in its solvency margin and a stable dividend.
The analyst concludes that Allianz continues to benefit from solid operating momentum, while maintaining a very solid balance sheet, concludes the analyst, for whom its very sound fundamentals are not priced in.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In addition to a better-than-expected operating profit in the last quarter, the broker points to a favourable outlook for 2021, an increase in its solvency margin and a stable dividend.
The analyst concludes that Allianz continues to benefit from solid operating momentum, while maintaining a very solid balance sheet, concludes the analyst, for whom its very sound fundamentals are not priced in.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.